Gateway Christian Church (eastbourne)

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gateway christian church (eastbourne) Company Information

Dissolved

Company Number

07799013

Website

https://www.gatewaychristianchurch.org.uk

Registered Address

the gateway centre, 66-70 lottbridge drive, eastbourne, east sussex, BN22 9PB

Industry

Activities of religious organisations

Telephone

01323351786

Next Accounts Due

June 2024

Group Structure

View All

Directors

Nicolas Prentice12 Years

Arthur Cornell12 Years

View All

Shareholders

-0%

gateway christian church (eastbourne) Estimated Valuation

£5m

Pomanda estimates the enterprise value of GATEWAY CHRISTIAN CHURCH (EASTBOURNE) at £5m based on Net Assets of £1.9m and 2.67x industry multiple (adjusted for liquidity).

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Gateway Christian Church (eastbourne) is a dissolved company that was located in eastbourne, BN22 9PB with a Companies House number of 07799013. It operated in the activities of religious organizations sector, SIC Code 94910. Founded in October 2011, it's largest shareholder was unknown. The last turnover for Gateway Christian Church (eastbourne) was estimated at £421.5k.

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Pomanda's financial health check has awarded Gateway Christian Church (Eastbourne) a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £421.5k, make it larger than the average company (£284.4k)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (1.2%)

EXPORT

Gateway Christian Church (Eastbourne)'s latest turnover from March 2023 is estimated at £421.5 thousand and the company has net assets of £1.9 million. According to their latest financial statements, Gateway Christian Church (Eastbourne) has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	421,486	484,215	510,386	544,258	796,319	2,062,805	225,821	307,344	234,349	320,552	221,238
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	383,766	448,761	464,860	499,258	806,242	2,041,633	187,123	257,868	205,393	314,132	209,134
Gross Profit	37,719	35,454	45,526	45,000	-9,923	21,172	38,698	49,476	28,957	6,420	12,104
Admin Expenses	87,921	64,879	64,732	70,830	54,275	-1,442,687	-41,408	-103,340	582,799	-165,561	-61,788
Operating Profit	-50,202	-29,425	-19,206	-25,830	-64,198	1,463,859	80,106	152,816	-553,842	171,981	73,892
Interest Payable	0	0	0	0	0	17,681	0	0	0	0	0
Interest Receivable	0	0	0	0	0	396	0	0	894	0	0
Pre-Tax Profit	-50,202	-29,425	-19,206	-25,830	-64,198	1,446,574	37,298	109,026	-552,948	132,683	56,240
Tax	0	0	0	0	0	-274,849	0	0	0	0	0
Profit After Tax	-50,202	-29,425	-19,206	-25,830	-64,198	1,171,725	37,298	109,026	-552,948	132,683	56,240
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-50,202	-29,425	-19,206	-25,830	-64,198	1,171,725	37,298	109,026	-552,948	132,683	56,240
Employee Costs	86,010	82,969	60,854	60,527	59,563	465,152	52,961	85,888	60,097	83,956	83,408
Number Of Employees	4	4	3	3	3	23	3	4	3	2	2
EBITDA*	-50,202	-29,425	-19,206	-25,830	-64,198	1,463,859	109,364	183,994	-537,505	188,318	73,892

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	2,153,012	2,205,992	2,259,901	2,314,321	2,369,629	2,393,843	2,438,194	2,420,957	1,347,529	916,589	835,682
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,153,012	2,205,992	2,259,901	2,314,321	2,369,629	2,393,843	2,438,194	2,420,957	1,347,529	916,589	835,682
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	97,511	118,316	132,080	132,856	189,300	194,396	0	0	19,891	19,967	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	35,023	45,421	0	0	0
Cash	0	0	0	0	0	0	158,448	122,370	267,042	90,550	43,308
misc current assets	0	0	0	0	0	0	0	0	404,466	678,439	0
total current assets	97,511	118,316	132,080	132,856	189,300	194,396	193,471	167,791	691,399	788,956	43,308
total assets	2,250,523	2,324,308	2,391,981	2,447,177	2,558,929	2,588,239	2,631,665	2,588,748	2,038,928	1,705,545	878,990
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	32,704	31,263	0	0	0
Trade Creditors	47,826	47,826	45,904	49,057	116,367	49,021	0	0	10,975	550	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	10,000	10,000	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	847	600	0	0	0
total current liabilities	47,826	47,826	45,904	49,057	116,367	49,021	43,551	41,863	10,975	550	0
loans	0	0	0	0	0	0	501,338	497,406	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	336,639	360,222	400,392	433,229	451,841	484,299	0	0	87,500	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	336,639	360,222	400,392	433,229	451,841	484,299	501,338	497,406	87,500	0	0
total liabilities	384,465	408,048	446,296	482,286	568,208	533,320	544,889	539,269	98,475	550	0
net assets	1,866,058	1,916,260	1,945,685	1,964,891	1,990,721	2,054,919	2,086,776	2,049,479	1,940,453	1,704,995	878,990
total shareholders funds	1,866,058	1,916,260	1,945,685	1,964,891	1,990,721	2,054,919	2,086,776	2,049,479	1,940,453	1,704,995	878,990

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	-50,202	-29,425	-19,206	-25,830	-64,198	1,463,859	80,106	152,816	-553,842	171,981	73,892
Depreciation	0	0	0	0	0	0	29,258	31,178	16,337	16,337	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-274,849	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	-20,805	-13,764	-776	-56,444	-5,096	159,373	-10,398	25,530	-76	19,967	0
Creditors	0	1,922	-3,153	-67,310	67,346	49,021	0	-10,975	10,425	550	0
Accruals and Deferred Income	0	0	0	0	0	-847	247	600	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-29,397	-13,739	-21,583	-36,696	8,244	1,077,811	120,009	148,089	-527,004	168,901	73,892
Investing Activities
capital expenditure	52,980	53,909	54,420	55,308	24,214	44,351	-46,495	-1,104,606	-447,277	-97,244	-835,682
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	52,980	53,909	54,420	55,308	24,214	44,351	-46,495	-1,104,606	-447,277	-97,244	-835,682
Financing Activities
Bank loans	0	0	0	0	0	-32,704	1,441	31,263	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	-10,000	0	10,000	0	0	0
Long term loans	0	0	0	0	0	-501,338	3,932	497,406	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-23,583	-40,170	-32,837	-18,612	-32,458	484,299	0	-87,500	87,500	0	0
share issue	0	0	0	0	0	-1,203,582	-1	0	788,406	693,322	822,750
interest	0	0	0	0	0	-17,285	0	0	894	0	0
cash flow from financing	-23,583	-40,170	-32,837	-18,612	-32,458	-1,280,610	5,372	451,169	876,800	693,322	822,750
cash and cash equivalents
cash	0	0	0	0	0	-158,448	36,078	-144,672	176,492	47,242	43,308
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-158,448	36,078	-144,672	176,492	47,242	43,308

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GATEWAY CHRISTIAN CHURCH (EASTBOURNE) group structure

Gateway Christian Church (Eastbourne) has no subsidiary companies.

Ultimate parent company

GATEWAY CHRISTIAN CHURCH (EASTBOURNE)

07799013

GATEWAY CHRISTIAN CHURCH (EASTBOURNE) Shareholders

Gateway Christian Church (Eastbourne) currently has 4 directors. The longest serving directors include Mr Nicolas Prentice (Oct 2011) and Mr Arthur Cornell (Oct 2011).

officer	country	age	start	end	role
Mr Nicolas Prentice	England	79 years	Oct 2011	-	Director
Mr Arthur Cornell		85 years	Oct 2011	-	Director
Mr Ian Sadler	United Kingdom	66 years	Oct 2011	-	Director
Mr Clive Harrison		69 years	Nov 2016	-	Director

P&L

March 2023

turnover

421.5k

-13%

operating profit

-50.2k

gross margin

+22.22%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

1.9m

-0.03%

total assets

2.3m

-0.03%

cash

net assets

Total assets minus all liabilities

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company number

07799013

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

94910 - Activities of religious organisations

incorporation date

October 2011

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

the gateway centre, 66-70 lottbridge drive, eastbourne, east sussex, BN22 9PB

last accounts submitted

March 2023

A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.

We found 1 charges/mortgages relating to gateway christian church (eastbourne). Currently there are 0 open charges and 1 have been satisfied in the past.

gateway christian church (eastbourne) Company Information

gateway christian church (eastbourne) Estimated Valuation

gateway christian church (eastbourne) Estimated Valuation

gateway christian church (eastbourne) Estimated Valuation

Gateway Christian Church (eastbourne) Overview

Gateway Christian Church (eastbourne) Health Check

GATEWAY CHRISTIAN CHURCH (EASTBOURNE) financials

gateway christian church (eastbourne) Credit Report and Business Information

Gateway Christian Church (eastbourne) Competitor Analysis

gateway christian church (eastbourne) Ownership

gateway christian church (eastbourne) directors

gateway christian church (eastbourne) company details

gateway christian church (eastbourne) Charges & Mortgages

gateway christian church (eastbourne) Companies House Filings - See Documents